Company Registration No. 9553129 (England and Wales)
THE COMMUNITY SHARES COMPANY LTD
Unaudited accounts
for the year ended 31 March 2018
THE COMMUNITY SHARES COMPANY LTD
Unaudited accounts
Contents
THE COMMUNITY SHARES COMPANY LTD
Company Information
for the year ended 31 March 2018
Directors
Dave Boyle
Emma McGowan
Company Number
9553129 (England and Wales)
Registered Office
121 Bonchurch Road
Brighton
East Sussex
BN2 3PJ
England
Accountants
Angela MacCarthy Limited
Trading as On The Spot
7 Chalfont Drive
Hove
East Sussex
BN3 6QR
THE COMMUNITY SHARES COMPANY LTD
Statement of financial position
as at
31 March 2018
Intangible assets
4,000
6,000
Cash at bank and in hand
46,857
26,606
Creditors: amounts falling due within one year
(48,566)
(33,578)
Net current assets/(liabilities)
1,969
(4,619)
Called up share capital
2
2
Profit and loss account
6,240
1,740
Shareholders' funds
6,242
1,742
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 6 September 2018.
Dave Boyle
Director
Company Registration No. 9553129
THE COMMUNITY SHARES COMPANY LTD
Notes to the Accounts
for the year ended 31 March 2018
THE COMMUNITY SHARES COMPANY LTD is a private company, limited by shares, registered in England and Wales, registration number 9553129. The registered office is 121 Bonchurch Road, Brighton, East Sussex, BN2 3PJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Goodwill is amortised on a straight line basis over its estimated useful economic life of 5 years. It is based on the reputation of and value of contacts in the sector made by the director.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual
value, of each asset evenly over its expected useful life, as follows:
Computer equipment
33.3% per annum straight line
Investments in shares are included at cost less impairment.
The grants are released to the Profit and Loss account in the period in which the related expenditure is incurred. Grants not yet released are included in Accruals and deferred income.
4
Intangible fixed assets
Goodwill
Charge for the year
2,000
THE COMMUNITY SHARES COMPANY LTD
Notes to the Accounts
for the year ended 31 March 2018
5
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
6
Investments
Other investments
Valuation at 1 April 2017
-
Valuation at 31 March 2018
200
Trade debtors
2,798
1,900
Accrued income and prepayments
-
453
8
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
13,323
9,022
Other creditors
600
1,440
Loans from directors
-
22,266
9
Transactions with related parties
The transactions with the directors and shareholders have not been conducted under normal market
conditions: The balances owing at the previous year end have been repaid in full during the year. A balance of £680 is owed by D Boyle and £200 is owed by E McGowan at the year end, no interest is being charged to the directors.
10
Average number of employees
During the year the average number of employees was 0 (2017: 0).